Gros, Daniel; Alcidi, Cinzia; Belke, Ansgar; Coutinho, … - 2014 - Manuscript completed in February 2014
Two of the four macroeconomic adjustment programmes, Portugal and Ireland s, can be considered a success in the sense that the initial expectations in terms of adjustment, both fiscal and external, were broadly fulfilled. A rebound based on exports has taken hold in these two countries, but a...
